Tag Archives: job loss

DOWNSIZING AND BUYOUTS: WHAT SHOULD YOU DO?

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#downsizing #buyouts #JobLoss #SeparationIncentives
Your company has decided to downsize.
Perhaps it wants to eliminate a division(s) that it doesn’t see as part of the future.
It “generously” decides to offer some qualified employees a separation package, or buyout, to encourage them to leave.
Let’s say you are among those employees.
You want to keep working a few more years, but they have given you what you consider a generous offer. What should you do?
Most buyouts have certain things in common. First, what they are offering initially is probably the best you are going to get. There’s usually no negotiation for a sweeter package. More or less, it’s take it or leave it.
Secondly, you have to make this decision without all the information. You don’t really know, and no one will ever tell you, what YOUR future is if you stay.
There is usually a company option to reject certain employees’ applications for the buyout, but that rarely happens to an individual. If you thought you were indispensable, think again. If the company does not want a certain group of employees to take the buyout, it will not qualify them.
Thirdly, the decision rests on YOUR individual position in life. If you are financially able to take it, you may well be advised to do so. If you want to do something else, worry about that later.
If your job is eating you alive, or your boss is not treating you the way you believe you deserve to be treated, you may be advised to take it. Your life is not going to get any better, and could very well get worse, if you stay.
If you are not financially able to take it, you will probably have to suck it up and stay, and deal with what happens next.
Now, what if you could prepare for such an event ahead of time? What if you could spend a few part-time, off-work hours doing something that could potentially build your current and future wealth?
Though we are not talking about a second traditional job here, the concept involves a more pleasant form of work.
It turns out that there are many such vehicles out there for those who are willing to look for them. If you are open-minded enough to want to check out one of the best, message me.
Buyouts, downsizings etc. almost always come without warning. You walk into work one day, and an announcement is made.
If you could prepare ahead for it, you could walk away with a sweet deal and a smile.
If you don’t prepare for it, the decision can be much more difficult.
We used the term “generously” when we talked about such offers. Many workers simply get thrown out the door with nothing.
You can prepare for that, too. If you do, you could accept that situation with a smile, too.

Peter

CHANGE COMES WHETHER WE ARE READY … OR NOT: PART 1

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#TryDifferent #change #reorganization
If you don’t like change, as some leadership experts will argue, too bad! It’s going to come whether you want it or not.
If you embrace change, you will more likely be successful, those same experts may argue.
What if change comes, and you are excluded? Can you embrace that?
In his book, “Try Different, Not Harder,” Karl G. Schoemer offers 15 rules for mastering change. He says the information and technology revolution is redefining our work – what it is, how and where it’s done, who does it and how long it takes.
He also says we are also reshaping our business organizations – from how they function to what they expect of employees and what employees can expect in return.
His point: these changes create a fertile environment for even more change, and opportunities. Whether these opportunities are seized, or missed, depends entirely on you, he says.
Many of us have been through change at work. As employees, our natural reaction to change is to resist. What was comfortable yesterday is taken away today, and that can upset us. Eventually, though, we get over it and adapt, presuming we are still around to do so.
Some workplace changes leave us completely out. We are laid off, offered incentives to leave etc. If you’ve been laid off, hopefully the company will give you enough to tide you over for a time. If not, there’s not a blessed thing you can do about it – or so you think.
Sometimes, disappointment can morph into rousing success, if you don’t let the disappoint take over your life.
If you are offered an incentive package to leave a job, more often than not, there will be little time to think about it and you will not be given enough information to make a totally informed decision.
That is, no one will tell you your future with the company if you stay – unless, of course, the company tells you they won’t accept your resignation. That rarely happens. Chances are, if are determined to be eligible to take the package, the company tacitly is encouraging you to take it.
Also, most people who take such packages ultimately have few regrets. They may struggle at the beginning, but most people land in a decent place. In recent years, though, that has been the case less often. So, if it happens to you, you’ll be between a rock and a hard place, at least in your mind.
If you are between two undesirable things, remember there is always a way to crawl out.
Schoemer, like many leadership experts, recommends that we embrace change at our place of employment. It’s tough to embrace change when you are not included in it. So what to do?
Embrace yourself. Embrace your ability to ensure you will be successful. A job loss is a temporary disappointment. Don’t let it consume you. View your departure as your employer’s loss, not yours.
If you are confident in yourself to succeed, despite what might be thrown at you, and are looking for something that will enable success, visit www.bign.com/pbilodeau. You may find something that will not only bring your self-confidence to the fore, but also enable you save money.
Perhaps, using Schoemer’s title, “Trying Different,” may have nothing to do with your current employment. Perhaps you are still employed, and trying harder to do what you’ve always done. In this milieu, that may not cut it. You may have to escape to “Try Different.”
Sometimes, those unexpected exits from your employer can be openings for something so much better.
Peter